Member Benefits |
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Does the Buck Stop with You? Is Your Neck on the Line? Cyber-attacks are not just reserved for corporate giants with the type of incident that we read about in the daily papers. Every business is exposed to some form of indiscriminate or targeted cyber risk. ver 875,000 SMEs have declared that they have been affected by a cyber-attack in the last year.
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With costs from £10,000 up to £2.5m, enough to put a small or medium sized business in financial trouble. There are many potential consequences, not least of all your defence costs for any cyber liability claim.
Management Liability Insurance can help protect you against breaches of regulation, legal costs and compensation awards that you, as an individual, can be held personally responsible for.
Cobra’s Management Liability policy gives you this and much more …
Stewart & Partners have joined forces with Cobra Underwriting Agencies to offer a discount insurance facility to Chamber Members. The scheme enables Members to benefit from reductions in premiums on many types of business insurance.
Mistakes happen. If you’re a director, officer, trustee & employees of a company the decisions you or they make can leave you liable.
With premiums starting from £150 (depending on your requirements) Cobra’s Management Liability Policy offers you peace of mind to take the decisions you do on your company’s behalf.
What is Management Liability Insurance?
It’s a fact of commercial life that claims and investigations are becoming increasingly common. Legal costs are just the start – there is also the time taken up and potential damage to your reputation. So, what’s covered:
• Legal costs of a claim or investigation incurred by you or your organisation examples of which could be:
• Any award or settlement made:
• Legal employment and regulatory helpline providing free advice supplied by Radar
Examples of the types of claims covered are:
• Employee death during the course of their normal work leading to an investigation by the police and the Health & Safety Executive
• Allegations leading to an investigation by The Office of Fair Trading • Prosecution by HM Revenue & Customs
• Unfair Dismissal Claims • Discriminatory Claims • Employee Fraud
• Harassment & Bullying Claims
To learn more about Management Liability Insurance or any other business insurance product, contact our dedicated Chamber Account Manager Faran Andrews on 020 8304 2638 or email faran@stewartandpartners.co.uk.
October 2018